Michael Jackson Update: Celeb Insider Talks about Michael Jackson

Michael Jackson's financial and family situations are getting more complicated by the second. As we are keeping you updated on the will, we can use this tragedy as an opportunity to educate on the importance of preparing for death. There is also a difference between the hype and the truth when talking about the life of celebrities.

Today, we bring in Nicole Spence, a lifestyle and pop culture expert, to talk about Michael Jackson's death. As a former producer with The Wendy Williams Experience, Nicole has worked up close with many celebrities, including Janet Jackson and others. We also get a chance to discuss the custody of Michael's children, and who is going to step to the plate on these matters.

The audio is here, so please give it a listen!

Click below to listen to the latest episode!

Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of "Financial Lovemaking 101: Merging Assets with Your Partner in Ways that Feel Good." To have Dr. Boyce commentary delivered directly to your email, please click here.

Jacksons Memorial Photos

A new waxwork of U.S singer Michael Jackson, is unveiled at Madame Tussauds in London, Thursday, June 9, 2009. Los Angeles spent US$1.4 million to provide security, traffic control and other services for Michael Jackson's memorial service, city officials said as they looked for ways to have others help the financially troubled city pick up the bill. (AP Photo/Joel Ryan)

A new waxwork of U.S singer Michael Jackson, is photographed as it is flanked by the members of the public at Madame Tussauds in London, Thursday, June 9, 2009.. Los Angeles spent US$1.4 million to provide security, traffic control and other services for Michael Jackson's memorial service, city officials said as they looked for ways to have others help the financially troubled city pick up the bill. (AP Photo/Joel Ryan)

LOS ANGELES, CA - JULY 7: A police car patrols outside of a memorial service for pop star Michael Jackson at Forest Lawn Mortuary July 7, 2009 in Los Angeles, California. Thousands of supporters attended the service for Jackson around the world who died at the age of 50 at the UCLA Medical Center after going into cardiac arrest on June 25 in Los Angeles, California. (Photo by Sandy Huffaker/Getty Images)

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LOS ANGELES, CA - JULY 7: A funeral procession carrying the body of Michael Jackson heads towards the Staples Center from Forest Lawn cemetery after a memorial service for family and friends July 7, 2009 in Los Angeles, California. Thousands of supporters attended the service for Jackson around the world who died at the age of 50 at the UCLA Medical Center after going into cardiac arrest on June 25 in Los Angeles, California. (Photo by Sandy Huffaker/Getty Images)

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LOS ANGELES, CA - JULY 7: A police motorcade escorts a funeral procession carrying the body of Michael Jackson during a memorial service for family and friends at Forest Lawn Mortuary July 7, 2009 in Los Angeles, California. Thousands of supporters attended the service for Jackson around the world who died at the age of 50 at the UCLA Medical Center after going into cardiac arrest on June 25 in Los Angeles, California. (Photo by Sandy Huffaker/Getty Images)

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LOS ANGELES, CA - JULY 07: General view of atmosphere outside the Staples Center prior to the start of the Michael Jackson public memorial service held at Staples Center on July 7, 2009 in Los Angeles, California. Jackson, 50, the iconic pop star, died at UCLA Medical Center after going into cardiac arrest at his rented home on June 25 in Los Angeles, California. (Photo by Bob Covington/Getty Images)

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